REA Group to Sell Housing.com Business to Aurum PropTech

MT Newswires Live
07/17

REA Group (ASX:REA) agreed to divest its India-based Housing.com business to Aurum PropTech in an all-share transaction valued at around AU$68 million, according to an Australian bourse filing on Thursday after market hours.

REA India's stake in Aurum will increase to 24.9% from 5.5% following the transaction, with the investment to be accounted for as a financial asset, per the filing.

The divestment is expected to be completed by the end of the first quarter of fiscal 2027, subject to shareholder approval and customary closing conditions, the filing said.

The company expects to record an overall loss on the sale of around AU$110 million due to goodwill impairment and transaction costs.

The India business is forecast to generate about AU$62 million in revenue in fiscal 2026 while reducing earnings before interest, taxes, depreciation, and amortization by around AU$36 million, and it will be reported as a discontinued operation, the filing added.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10